Veganism: good for the planet, even better for profits

The move towards veganism may be good for the environment (though the jury is still out on that). But the real winner will be the processed food industry, says Merryn Somerset Webb.

190225-veganism

Pasture-raised cattle help preserve the quality of our vital topsoil.
(Image credit: ©Peter Walton Photography)

Greggs, the bakery chain, was offering free samples of its vegan sausage roll to early morning punters last week. A friend picking up a coffee declined the offer: "Didn't seem right."

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.